Azerbaijan has established the State Enterprise Monitoring
Agency under the Ministry of Finance, Azernews
reports.
President of the Republic of Azerbaijan, Ilham Aliyev, has
signed a decree in this regard.
The decree approves the agency’s charter and defines its role in
monitoring the budget drafts and forecasts, as well as the annual
income and expenditure execution, of legal entities owned by the
state or created on behalf of the state. The agency, which is part
of the Ministry of Finance, will also analyze performance
indicators of these entities.
The decree tasks the Cabinet of Ministers with determining the
agency’s staffing limits within one month and ensuring its
logistical support and funding for operational expenses, as well as
addressing other matters arising from the decree.
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